No targets available; showing actuals against baseline.
Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.
OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.
EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?
PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.
Carbon per FTE (full-time-equivalent employee) — the diagnostic measure for people-leveraged businesses where headcount, not capital, drives delivery. Captures the office, energy and travel footprint per person.
How the firm describes its decarbonisation approach in its own words — alongside the headline numbers above. Self-reported, page-cited.
L.E.K. has committed to powering all its offices globally with 100% renewable electricity, a goal first delivered in 2022 and maintained through 2024. This is achieved through moving to renewable electricity contracts where possible and purchasing Energy Attribute Certificates (EACs) where direct procurement is not available. The firm plans to continue sourcing 100% renewable electricity across operations in the future.
L.E.K. continues to purchase high-quality carbon credits to complement its decarbonisation initiatives, and is increasing the proportion of removal credits over time, targeting 100% removals by 2030. The firm maintains its CarbonNeutral® certification and carefully assesses supported projects for emissions reductions and alignment with UN SDGs. Since 2021, L.E.K. has also planted a tree for every past and current team member globally through Tree-Nation, with nearly 11,500 trees in the 'L.E.K. forest', supplementary to the formal offsetting strategy.
Business travel is the largest driver of L.E.K.'s Scope 3 emissions. Post-COVID, virtual meetings have become standard business practice, with L.E.K. members flying less for internal purposes and collaborating with clients to reduce face-to-face flights. These changes drove a global 62% per-headcount reduction in Scope 3 business travel emissions between 2019 and 2024. Business travel emissions fell further from 1,734 tCO2e (Dec 2023) to 1,618 tCO2e (Dec 2024).
L.E.K.'s Scope 1 emissions arise solely from combustion of gas for heating/cooling in rented offices, held flat at 42 tCO2e. Scope 2 market-based emissions fell from 21 to 17 tCO2e as the firm maintained 100% renewable electricity procurement. Combined global Scope 1 & 2 emissions were approximately 66% lower than the 2019 base year by 2024. Total energy consumption declined from 342 MWh'000 to 308 MWh'000 year-on-year.
The Group's decarbonisation targets have been validated by the Science Based Targets initiative (SBTi). L.E.K. has created a decarbonisation transition plan featuring an ambitious set of multi-year sustainability objectives approved by the L.E.K. Board. The firm's environmental policy commits all employees, contractors and suppliers to becoming more energy efficient and reducing carbon emissions consistent with SBTi commitments, and to transparently reporting performance against targets.
Business travel is the largest driver of L.E.K.'s Scope 3 carbon emissions. Post-COVID, virtual meetings have become standard practice and L.E.K. team members are flying less for internal purposes. The firm is also collaborating with clients to reduce flights for face-to-face meetings. These changes drove a global 64% per headcount reduction in Scope 3 business travel emissions between 2019 and 2023.
L.E.K.'s direct (Scope 1) emissions arise from combustion of gas in heating and cooling units in rented office premises; the company does not provide fuel for transport. Total energy consumption fell from 458 MWh (2022) to 342 MWh (2023) and Scope 1 fell from 45 tCO2e to 42 tCO2e. The firm is committed to becoming more energy efficient and reducing carbon emissions consistent with SBTi commitments.
Business travel is identified as the largest driver of L.E.K.'s Scope 3 carbon emissions. Post-COVID, virtual meetings have become standard business practice, and L.E.K. team members are flying less for internal purposes and collaborating with clients to reduce face-to-face meeting flights. These changes drove a global 61% per-headcount reduction in Scope 3 business travel emissions between 2019 and 2022.
Direct Scope 1 emissions arise from combustion of gas in heating and cooling units in rented office premises; the company does not provide fuel for transport. Scope 1 emissions fell from 48 tCO2e (2021) to 45 tCO2e (2022). L.E.K.'s environmental policy commits all employees, contractors and suppliers to becoming more energy efficient and reducing carbon emissions consistent with SBTi commitments.
In 2022, L.E.K. launched the Green Innovation Fund which funds the best ideas put forward from offices to reduce L.E.K.'s carbon emissions, promote energy efficiency, encourage biodiversity and reduce waste. This targets operational emissions from UK office locations.
L.E.K. promotes green ways of working through the Group's GoingGreener initiative and staff engagement in de-carbonisation initiatives. This is described as a current initiative being pursued in pursuit of carbon emissions reduction and net zero targets alongside business travel reduction.
The firm's primary source of GHG emissions is business travel (Scope 3 Category 6). Travel guidelines issued to staff promote the use of public transport where practical and with due regard for personal safety. Covid-19 travel restrictions from March 2020 reduced travel emissions from 1,610 tCO2e (FY2020) to just 20 tCO2e (FY2021), highlighting travel as the dominant lever for decarbonisation.
L.E.K. identifies reducing emissions from business travel and employee commuting as a primary current initiative in pursuit of carbon emissions reduction and net zero targets. Travel guidelines are issued to staff promoting the use of public transport where practical. Business travel is the largest single Scope 3 category, accounting for 318 tCO2e in 2021 (up from near-zero during COVID restrictions in 2020).
Travel guidelines issued to staff promote the use of public transport where practical and with due regard for personal safety. Business travel (1,610 tCO2e in FY2020) is the dominant emission source for the UK LLP and the primary lever for reducing the reported Scope 3 footprint.
The L.E.K. Group's environmental policy is to measure, reduce and offset carbon emissions. The Group has maintained carbon-neutral status globally since January 2008. In calendar year 2019, the group offset 22,000 tonnes of CO2 (up from 20,000 tonnes in 2018), compensating for residual emissions that cannot yet be eliminated through reduction measures.
L.E.K. reports 'other business activities' as a Scope 3 category (cat 1/purchased goods proxy), which fell from 1,754 tCO2e to 1,275 tCO2e between the December 2023 and 2024 reporting periods. The firm's environmental policy requires working with suppliers and the value chain to improve their environmental performance and support L.E.K. in meeting its targets, consistent with GHG Protocol Corporate Value Chain (Scope 3) guidelines.
L.E.K. aims to influence beyond its own footprint through client work that has positive environmental impact for the planet. As a strategy consulting firm, the firm recognises the potential for its advisory work to help clients decarbonise, contributing to avoided emissions at scale beyond its own operational footprint. This principle is embedded in L.E.K.'s environmental policy.
Scope 3 'other business activities' totalled 1,754 tCO2e in 2023, representing a major component of total emissions alongside business travel. L.E.K.'s environmental policy expects all employees, contractors and suppliers to apply key environmental principles. The firm seeks to work with its suppliers and value chain to improve their own environmental performance and operate collaboratively to support L.E.K. in meeting its environmental targets.
L.E.K. aims to influence beyond its own footprint through client work that has positive environmental impact for the planet. The firm's GoingGreener network organises initiatives across offices and held over 60 staff events in 2022 on sustainability topics including external ESG thought leaders and decarbonisation training delivered to all staff.
'Other business activities' (purchased goods and services / supply chain) accounted for 1,312 tCO2e in 2022, up from 933 tCO2e in 2021, and is the largest single Scope 3 category. L.E.K.'s environmental policy commits it to work with suppliers and its value chain to improve their own environmental performance and support L.E.K. in meeting its environmental targets.
| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2Absolute | 2019 | 2027 | −34% | 1.5°C | 0.0% reduction achieved vs 34% target (0% of the way there). Linear pace expects 25.2% by now. −0.0% reductionof −34% target · 0% there | Off track |
| Scope 3Intensity | 2019 | 2027 | −44% | intensity — not tracked vs absolute | — |
| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2Absolute | 2019 | 2050 | −90% | 1.5°C | 0.0% reduction achieved vs 90% target (0% of the way there). Linear pace expects 17.4% by now. −0.0% reductionof −90% target · 0% there | Off track |
| Scope 3Intensity | 2019 | 2050 | −97% | intensity — not tracked vs absolute | — |
| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2 + 3 | 2019 | 2050 | — | 1.5°C | absolute-value target | — |
⚠ Some targets show progress vs the earliest extracted year as a baseline approximation. The real base-year value will be used once historical reports are extracted.
No target available for this scope.
